Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 86,727 Shares of Paycom Software, Inc. (NYSE:PAYC)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 8.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 982,377 shares of the software maker's stock after selling 86,727 shares during the quarter. Paycom Software accounts for 1.4% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's portfolio, making the stock its 22nd largest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned about 1.71% of Paycom Software worth $162,269,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sylebra Capital LLC grew its stake in shares of Paycom Software by 53.9% in the second quarter. Sylebra Capital LLC now owns 1,957,468 shares of the software maker's stock worth $279,996,000 after acquiring an additional 685,190 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Paycom Software by 14.5% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 626,646 shares of the software maker's stock valued at $124,709,000 after buying an additional 79,299 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of Paycom Software by 1,011.2% during the 2nd quarter. Federated Hermes Inc. now owns 581,964 shares of the software maker's stock valued at $83,244,000 after buying an additional 529,591 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Paycom Software by 6.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 455,271 shares of the software maker's stock worth $65,122,000 after buying an additional 26,934 shares during the last quarter. Finally, Boston Trust Walden Corp grew its holdings in shares of Paycom Software by 28.7% in the second quarter. Boston Trust Walden Corp now owns 348,079 shares of the software maker's stock worth $49,789,000 after acquiring an additional 77,666 shares during the period. Institutional investors own 87.77% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on PAYC shares. Needham & Company LLC reissued a "hold" rating on shares of Paycom Software in a research report on Thursday, August 1st. StockNews.com lowered shares of Paycom Software from a "buy" rating to a "hold" rating in a research report on Monday, July 15th. Jefferies Financial Group increased their price target on shares of Paycom Software from $155.00 to $170.00 and gave the stock a "hold" rating in a research report on Tuesday, October 22nd. Barclays boosted their price objective on shares of Paycom Software from $167.00 to $172.00 and gave the company an "equal weight" rating in a research report on Friday, October 11th. Finally, TD Cowen raised their target price on Paycom Software from $171.00 to $188.00 and gave the stock a "hold" rating in a report on Monday, September 23rd. Seventeen investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $182.25.

Insider Transactions at Paycom Software

In other Paycom Software news, insider Bradley Scott Smith sold 1,524 shares of Paycom Software stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $157.62, for a total value of $240,212.88. Following the completion of the transaction, the insider now directly owns 14,769 shares of the company's stock, valued at $2,327,889.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $160.44, for a total value of $312,858.00. Following the sale, the chief executive officer now owns 2,988,608 shares of the company's stock, valued at approximately $479,492,267.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Bradley Scott Smith sold 1,524 shares of Paycom Software stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $157.62, for a total transaction of $240,212.88. Following the transaction, the insider now directly owns 14,769 shares of the company's stock, valued at approximately $2,327,889.78. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,906 shares of company stock valued at $11,714,536 in the last ninety days. Corporate insiders own 12.60% of the company's stock.

Paycom Software Trading Up 2.8 %

PAYC traded up $4.71 during trading on Wednesday, hitting $172.25. 1,216,928 shares of the company traded hands, compared to its average volume of 807,718. The company has a market cap of $9.89 billion, a PE ratio of 20.77, a P/E/G ratio of 2.34 and a beta of 1.17. The stock's 50-day simple moving average is $165.41 and its two-hundred day simple moving average is $162.84. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $247.42.

Paycom Software (NYSE:PAYC - Get Free Report) last issued its earnings results on Wednesday, July 31st. The software maker reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.07. The firm had revenue of $437.51 million for the quarter, compared to analysts' expectations of $436.19 million. Paycom Software had a return on equity of 33.36% and a net margin of 26.55%. Equities analysts expect that Paycom Software, Inc. will post 6.64 EPS for the current year.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, November 25th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Monday, November 25th. Paycom Software's payout ratio is 18.07%.

Paycom Software Profile

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.